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Solstice denies insider SLX token dump amid launch volatility and user backlash.

Market News
26 May 2026
AMBCrypto
View Source
Bearish
pluang ai news

Solstice Foundation refuted claims that insider wallets dumped SLX tokens after the token's launch on May 25, clarifying that a flagged wallet belonged to a verified market maker managing liquidity, not the team. The SLX token experienced significant price volatility and heavy selling on launch day, sparking community criticism over vesting schedules, airdrop allocations, and liquidity management. Despite initial price drops, SLX stabilized with high trading volume, reflecting investor sensitivity to token launch practices. The foundation confirmed team allocations remain locked under vesting terms, aiming to reassure investors amid growing scrutiny of market maker activities and token distribution methods.

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